St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-04

tue lEdl tSldLt DuSlllCSS ID DOM Oils
though the transfers show that there is
actually more business being transacted
than was done at the same period last
year. The month of December will I'M
dOubtedly be very quiet, but few sales
being made. Taxes become lien in
January. and purchasers will naturally
delay until after the taxes have become
lien. when all parties making sales
viii have TO pay the taxes for the year
past before deeds can be recorded.
-
The most notable transfer of the week
IS that from the estate of Commodore
William F. Davidson TO Miss Ida c.
StOwell. of the sOUtheaSterly corner Of
Fifth and Robert streets. The purchase
price was $4,000. and she gets 10415
feet frontage on Robert street by little
over 100 feet in depth on Fifth street.
This makes the Robert street frontage
about 81, leo per front foot, which is the
best sale Vel made of real estate in this
city. Excellent Judges. who are con-
seTyatiYe iii their valuation of property,
say that this PARTICULAR corner is well
worth 5000 per front foot for improve
ment. DR.. Skinner, of Detroit, Mich,
i interested with Miss StOwell in this
purchase. and it is said they will i'm
prove il. OF part of it, next year.
While there is comparatively little do
ing in real estate. prices ale held firmly,
and thus far there has been no haste to
rush property upon the market and sell
it at low prices. 1t has been universally
recognized as a fact that the business
property of st. Paul is very low as cOm-
pared with the valuation in other cities,
or compared with its rent-prOduclng
value: hence those who own business
property. well located. confidently an
ticipate an advance rather than a de-
cline. The market. as 1t stands now. Is
likely to remain quiet until after the LIST
of January. 1t will then depend some
what upon the weather and other cir
CumStances as to how soon activity will
begin. but owners and dealers alike are
confident that by the LIST of February
and from that on, there will be an act
i've market, with good, fair prices for
property.
The proposed scheme of the Rapid
Transit company to build a communi-
eating link between the two cities meets
with approval on the part of all our peO-
pie South Of the Milwaukee Short
Line there IS a considerable area of
property handsomely located, covered
Will q udluIdl lU4GSl- tlCNd lCu llOlll
leo to 200 feet above the level Of the
Mississippi river, and consequently
capable of easy and cheap drainage, and
at present wholly UnSupplied with good
transportation. If it be the purpose of
this company to construct its line
through that natural park region and by
the shortest route from center to center
it would lead to a marvellous develop
ment, for many citizens would avail
themselves of the opportunity to pur-
chase sites for homes in that dis
trict. which is the most desirable resi-
dence district Of the two towns. If the
legislation which the company seeks is
granted it will undoubtedly construct
its line during the coming season.
The establishment of the soldiers
home and of Hiawatha park is also an
inducement for large developments in
that direction. Consequently the time
Is not far distant when some transpOrta-
ton will be afforded to what has been
known heretofore as Reserve township,
and local capitalists can see their way
to the development of that region at
profit to themselves. with the prospect
of a wonderful growth and development
of the city.
The news from Western points.in Cal
ifOrnia and Kansas City and elsewhere,
indicates that the wild boom that has
prevailed for some months in certain
localities has pretty effectually quoted
down. A dealer in St. Paul reports the
receipt Of letter from man in Kansas
City who has heretofore been employed
in the Office of a leading real estate
broker, who says that business is so dull
that nearly all the help in the Office has
been paid off and discharged for the
winter. He thinks the outlook in Kan
SaS City promises a very quiet season,
and he is anxious to return to St. Paul,
where he was formerly employed.
Similar reports are being received from
those who have recently gene to CaiifOr-
MIA. 1t is well known that millions of
dollars have gone from Eastern cities
and been invested in lands and town
sites and Pacific coast adventures.
While the profits are very great TO those
who sold out early and realized the
astrOus to those who hold on, hOpeing
to realize the highest prices.
Fortunately the st. Paul market has
not been subjected TO any extreme tiuc-
tuatiOn. 1t has been conservative, and
steadily continues so, with a fair in
crease in value. This is entirely salts
factory to those who are cOntented with
a reasonably profitable business; and
men who come here from the East and
elsewhere. who are familiar with the
facts that have existed in California,
are surprised at the SteadinesS of st.
Paul prices as compared with other cit
les. which are spoken of as somewhat
similar in situation and prospects with
st. Paul. The fact, however, is that
there is scarcely any other point in the
United States that has as many elements
contributing to build up great city as
has st. Paul.
The completion of the Manitoba road
into Helena. bringing here vast trade
from Montana, and the completion of
the 500 road to Sault Ste. Marie. con-
Meeting it with the Canadian system of
railway, are events that are alone Suffi-
cient and able to build very consider
able city here, and when it is remem-
bered that these constitute only a small
part of the great lines of railway al
ready completed, and radiating in every
direction from St. Paul, it will
be easy to see that her future
from this time forward promises
to Surpass almost a hundredfOld the
developments of the past ten years. No
city on this continent has richer trib-
utary country in natural resources. The
great timber belts, the mines and min
eral deposits of Superior, and to the
west the vast agricultural domain
that pOurs its wealth into St. Paul, must
steadily and rapidly raise it to the very
front rank Of great and wealthy cities.
The propositions that are being made to
build blocks and houses next season
and to construct transportation lines ali
indicate that 1855 will not be quiet or
dull season. On the contrary the best
informed dealers and owners all antici-
patio a repetition OF last spring activity
multiplied by tile increased interest
everywhere manifested in the certain
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